Somerville Kurt F Reduces Stock Position in Home Depot Inc (NYSE:HD)

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Somerville Kurt F lessened its holdings in Home Depot Inc (NYSE:HD) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,616 shares of the home improvement retailer’s stock after selling 1,775 shares during the quarter. Home Depot makes up 2.4% of Somerville Kurt F’s holdings, making the stock its 19th largest holding. Somerville Kurt F’s holdings in Home Depot were worth $13,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HD. Enterprise Trust & Investment Co purchased a new position in Home Depot in the third quarter valued at about $27,000. Belmont Capital LLC purchased a new position in Home Depot in the fourth quarter worth $28,000. Julex Capital Management LLC purchased a new position in Home Depot in the third quarter worth $29,000. Proffitt & Goodson Inc. increased its position in shares of Home Depot by 106.2% during the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 69 shares in the last quarter. Finally, Financial Advantage Inc. acquired a new position in shares of Home Depot during the third quarter worth $37,000. 69.87% of the stock is owned by hedge funds and other institutional investors.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $213.70, for a total value of $2,772,543.80. Following the completion of the sale, the executive vice president now directly owns 26,335 shares in the company, valued at approximately $5,627,789.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $211.24, for a total value of $23,968,980.32. Following the completion of the sale, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at $58,641,068.96. The disclosure for this sale can be found here. Insiders have sold 126,552 shares of company stock worth $26,765,281 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Several equities research analysts have weighed in on the company. Bank of America reissued a “hold” rating and issued a $235.00 price target on shares of Home Depot in a report on Wednesday, November 20th. Robert W. Baird boosted their price objective on shares of Home Depot from $230.00 to $245.00 and gave the company an “accumulate” rating in a report on Tuesday, November 19th. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating and set a $232.00 target price on the stock in a research report on Monday, December 23rd. Royal Bank of Canada reduced their target price on Home Depot from $246.00 to $232.00 and set an “outperform” rating for the company in a research note on Thursday, December 12th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Home Depot in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $237.31.

Shares of Home Depot stock opened at $224.59 on Thursday. The firm has a market capitalization of $243.05 billion, a PE ratio of 22.71, a P/E/G ratio of 1.97 and a beta of 1.00. Home Depot Inc has a twelve month low of $172.00 and a twelve month high of $239.31. The firm’s 50-day moving average price is $218.89 and its 200 day moving average price is $222.23.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The firm had revenue of $27.22 billion for the quarter, compared to analyst estimates of $27.51 billion. During the same period in the previous year, the company posted $2.51 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Home Depot Inc will post 10.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.42%. Home Depot’s payout ratio is presently 55.01%.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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